When you are in financial trouble, it can be difficult to decide which obligations to pay, and which to let slide. In a perfect world, of course, you wouldn’t have to make this decision. But many are finding themselves in this heart-wrenching situation — even if they made all the right moves before buying a home. The economic climate has led to a lot of reductions in income due to fewer hours, fewer benefits and even outright job loss. As emergency funds (for those who have them) run low, and as the bills pile up, which of those bills to pay becomes a matter of serious thought. One thing to consider, though, is that you should put your mortgage payment near the top of that list.>>> [Read More]
Tag Archive: Loan
Before You Buy: Practice Home Mortgage Payment
Buying a home is not something that should be done willy-nilly. In fact, it is wise to plan out your home purchase, making sure that you save up money for a down payment, and making the necessary adjustments to ensure that you truly can afford the mortgage that you want. One way to help you decide whether or not you can buy a home is to practice making home mortgage payments.
3 Things to Ask Yourself When You Refinance
One of my financial New Year’s resolutions this year is to refinance my home while mortgage interest rates are relatively low.>>> [Read More]
New Year Financial Resolution: Refinance
Mortgage rates are still near historic lows, and that can mean that you might be able to refinance to a lower rate — and lower your home mortgage payment.